Meta, the parent company of Facebook, is laying off another 8,000 employees, roughly 10 per cent of its global workforce, on May 20. Meta's chief people officer Janelle Galle, stated that the laid off workers will get “generous” severance packages, reported Bloomberg. The severance package in the United States will include 16 weeks of base pay plus two weeks for every year of employment. Plus, the company would also cover health care costs for US employees and their families for 18 months.
For employees based outside the US, the packages “will be similar but vary by country, as will local timelines and processes.” Meta will also provide career support for impacted workers.
